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Thursday, October 6, 2011

Today, October 6, 2011, we are highlighting AgFeed Industries, Inc. (FEED) as the stock of the day.

AgFeed Industries, Inc. (FEED) stock rallied 46% on normal volume to close at $0.61. AgFeed Industries, Inc. (FEED) hit a high earlier in the day located at $0.69 which will become resistance for tomorrow.

AgFeed Industries, Inc. (FEED) has been under pressure over the past three months as chinese stocks get slaughtered. The company recently formed a committee to conduct an investigation on accounting practices. FEED stock should recovered if they clear up this issue. If I was trading the stock, I would buy on a break above $0.69 while using a tight stop.

AgFeed Industries, Inc. Establishes Special Committee to Conduct Investigation Into Accounting Practices of Chinese Operations; Announces Appointment of New Director

Travelzoo Inc. (TZOO)- Travelzoo Inc. (TZOO) has a Local Deals Business which continues to see strong growth and is the future of the company. TZOO traded up in the $26's again on Thursday. TZOO is a buy for a trade on a break above $26.75. Wall St has given up on TZOO but if they beat earnings, I expect the stock to rally back up.

Eastman Kodak Co. (EK) - Eastman Kodak Co. (EK) rallied back into the $1.40's again on Thursday. EK stock will have resistance located at $1.55 going forward.

SodaStream International Ltd. (SODA) - SodaStream International Ltd. (SODA) rallied up into the $35's on Thursday. SODA will have resistance located at $38.

LinkedIn Corporation (LNKD) -

LinkedIn Corporation (LNKD) is now trading in the high $70's. LNKD will have resistance up at $82.

Hyperdynamics Corporation (HDY) - Hyperdynamics Corporation (HDY) bounced off $3.10 on Tuesday and is now trading in the high $3's. HDY will have resistance located at $4.20 & $4.71. HDY will have support located at $3.10. Discuss HDY

Coldwater Creek Inc. (CWTR) - Coldwater Creek Inc. (CWTR) is now trading around $1.20 on low volume. CWTR will now have resistance located at $1.33 & $1.38.

Kodiak Oil & Gas Corp. (KOG) - Kodiak Oil & Gas Corp. was one of my best oil stock ideas for 2011. Kodiak Oil & Gas Corp. (KOG) is one of the up and coming companies in the Bakken Shale. KOG held $4.50 on Thursday. KOG is a buy below $3.80 and a strong buy below $3.25. Discuss KOG

Paramount Gold and Silver Corp. (PZG) - Paramount Gold and Silver Corp. (PZG) is my Top Gold Stock for 2011. PZG is back in the mid $2's. PZG will have resistance located at $2.57. PZG is a buy below $2.20.American International Group, Inc. (AIG) - American International Group, Inc. (AIG) is now trading back near $22. AIG will have resistance at $24. AIG has support located at $20.

Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) is trading above $1.50. Sirius XM Radio (SIRI) will now have support at $1.27. Sirius XM Radio (SIRI) is a sell on rallies above $1.60.

Dryships Inc. (DRYS) - Dryships Inc. (DRYS) is now trading back above $2.00. DryShips (DRYS) will now have resistance located at $3.10. Drys has support at $1.50.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) is now trading above $11.35. FAS will have support located at $8.43 and resistance located at $11.40. FAS is a strong buy below $10 per share and a sell into rallies. I would be avoiding Direxion Daily Financial Bear 3X Shares (FAZ) right now.

Research In Motion Ltd. (RIMM) - Research in Motion Ltd (RIMM) is now trading back above $24. Research in Motion (RIMM) will have support down at $23.23. Research in Motion (RIMM) will have resistance up at $25.

Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. (CSCO) is trading back around $16.50. CSCO should continue to deliver solid earnings over the next two quarters. Cisco Systems (CSCO) will have support down around $14.85. Cisco Systems is a strong buy below $17 for the long term. Goldman Sachs rates the stock a buy.

Amazon.com Inc. (AMZN) - Amazon.com Inc. (AMZN) is trading back near $220 again. AMZN will hit resistance in the $230's while hitting support around $200.

Level 3 Communications Inc. (LVLT) - Level 3 Communications Inc. (LVLT) stock soared again on Thursday. Level 3 Communications (LVLT) will have support around $1.54 and resistance in the $1.85's.

Baidu, Inc. (BIDU) - Baidu, Inc. (BIDU) rallied hard on Thursday. Baidu Inc. (BIDU) will have support around $100 which must hold. However, I expect BIDU to see another bounce if we see a plunge below $100.

Oracle Corp (ORCL) - Oracle Corp (ORCL) rallied up near $30 on Thursday. ORCL will now have resistance located at $30.62.

Goldman Sachs Group, Inc. (GS) - Goldman Sachs Group (GS) is back above $95. Goldman Sachs (GS) will face resistance around $100. Goldman Sachs (GS) has support located at $80.

Potash Corp. of Saskatchewan, Inc. (POT) - Potash Corp. of Saskatchewan, Inc. (POT) is back above $45 again. Potash Corp will have support located at $40. Potash Corp. of Saskatchewan, Inc. (POT) is a strong buy below $45.

Freeport-McMoRan Copper & Gold Inc. (FCX) - Freeport-McMoRan Copper & Gold Inc. (FCX) is back testing $35. FCX is a buy below $32 for the short and long term investment.

SanDisk Corp. (SNDK) - SanDisk Corp. (SNDK) is now trading back in the $43's. SNDK will have resistance up around $44.

YRC Worldwide Inc. (YRCW)- YRC Worldwide Inc. (YRCW) continues to trade below $0.10. YRC Worldwide Inc (YRCW) does not have any support right until zero. YRC Worldwide (YRCW) is only a buy for a trade on a break above $0.28.

Bank of Ireland (IRE) - Bank of Ireland (IRE) is a European bank worth watching. IRE will have resistance located at $1.35 & $1.59.

Cell Therapeutics, Inc. (CTIC) - Cell Therapeutics, Inc. (CTIC) rallied back to $1.10 on Thursday. Cell Therapeutics will have support located at $0.95 right now. CTIC will have resistance up at $1.20.

Molycorp (MCP) - Molycorp (MCP) was down 9% at one point on Wednesday but rallied back to the flat line. Molycorp (MCP) will have support located at $29.19 and $26.70. MCP is a buy below $29 for a bounce trade if we take another dip.

Direxion Daily Small Cap Bull 3X Shares (TNA) - Direxion Daily Small Cap Bull 3X Shares (TNA) is now trading flat after the large rally on Tuesday. TNA is a buy below $30 for another bounce. If you think the market is going to fall, buy Direxion Daily Small Cap Bear 3X Shares (TZA)

Travelzoo Inc. (TZOO)- Travelzoo Inc. (TZOO) has a Local Deals Business which continues to see strong growth and is the future of the company. TZOO traded up in the $26's on Wednesday. TZOO is a buy for a trade on a break above $26.75. Wall St has given up on TZOO but if they beat earnings, I expect the stock to rally back up.

Dendreon Corp. (DNDN) - Dendreon Corp. (DNDN) continues to recover off the lows. DNDN will now have support down at $6.77. DNDN will hit resistance up at $10.

SodaStream International Ltd. (SODA) - SodaStream International Ltd. (SODA) rallied up into the $33's on Wednesday. SODA will have resistance located at $38.

LinkedIn Corporation (LNKD) -

LinkedIn Corporation (LNKD) is now trading in the mid $70's. LNKD will have resistance up at $82.

Hyperdynamics Corporation (HDY) - Hyperdynamics Corporation (HDY) bounced off $3.10 on Tuesday and is now trading in the high $3's. HDY will have resistance located at $4.20 & $4.71. HDY will have support located at $3.10. Discuss HDY

Kodiak Oil & Gas Corp. (KOG) - Kodiak Oil & Gas Corp. was one of my best oil stock ideas for 2011. Kodiak Oil & Gas Corp. (KOG) is one of the up and coming companies in the Bakken Shale. KOG held $4.20 on Wednesday. KOG is a buy below $3.80 and a strong buy below $3.25. Discuss KOG

Paramount Gold and Silver Corp. (PZG) - Paramount Gold and Silver Corp. (PZG) is my Top Gold Stock for 2011. PZG is back in the low $2's. PZG will have resistance located at $2.57. PZG is a buy below $2.20.American International Group, Inc. (AIG) - American International Group, Inc. (AIG) is now trading back above $20. AIG will have resistance at $20.46. AIG has support located at $18.

Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) is trading below $1.50. Sirius XM Radio (SIRI) will now have support at $1.27. Sirius XM Radio (SIRI) is a sell on rallies above $1.60.

Dryships Inc. (DRYS) - Dryships Inc. (DRYS) is now trading back above $2.00. DryShips (DRYS) will now have resistance located at $3.10. Drys has support at $1.50.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) is now trading above $10. FAS will have support located at $8.43 and resistance located at $11. FAS is a strong buy below $10 per share and a sell into rallies. I would be avoiding Direxion Daily Financial Bear 3X Shares (FAZ) right now.

Research In Motion Ltd. (RIMM) - Research in Motion Ltd (RIMM) is now trading back at $23. Research in Motion (RIMM) will have support down at $21.21. Research in Motion (RIMM) will have resistance up at $25.

Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. (CSCO) is trading back near $16.50. CSCO should continue to deliver solid earnings over the next two quarters. Cisco Systems (CSCO) will have support down around $14.85. Cisco Systems is a strong buy below $17 for the long term. Goldman Sachs rates the stock a buy.

Baidu, Inc. (BIDU) - Baidu, Inc. (BIDU) was flat Wednesday in strong market. Baidu Inc. (BIDU) will have support around $100 which must hold. However, I expect BIDU to see another bounce if we see a plunge below $100.

Oracle Corp (ORCL) - Oracle Corp (ORCL) rallied up near $29.50 on Wednesday. ORCL will now have resistance located at $30.62.

Goldman Sachs Group, Inc. (GS) - Goldman Sachs Group (GS) is back above $90. Goldman Sachs (GS) will face resistance around $100. Goldman Sachs (GS) has support located at $80.

Potash Corp. of Saskatchewan, Inc. (POT) - Potash Corp. of Saskatchewan, Inc. (POT) is back testing $45 again. Potash Corp will have support located at $40. Potash Corp. of Saskatchewan, Inc. (POT) is a strong buy below $45.

Freeport-McMoRan Copper & Gold Inc. (FCX) - Freeport-McMoRan Copper & Gold Inc. (FCX) is back testing $34. FCX is a buy below $32 for the short and long term investment.

SanDisk Corp. (SNDK) - SanDisk Corp. (SNDK) is now trading back in the $42's. SNDK will have resistance up around $44.

YRC Worldwide Inc. (YRCW)- YRC Worldwide Inc. (YRCW) continues to trade below $0.10. YRC Worldwide Inc (YRCW) does not have any support right until zero. YRC Worldwide (YRCW) is only a buy for a trade on a break above $0.28.

Bank of Ireland (IRE) - Bank of Ireland (IRE) is a European bank worth watching. IRE will have resistance located at $1.35 & $1.59.

Cell Therapeutics, Inc. (CTIC) - Cell Therapeutics, Inc. (CTIC) tested $1.00 on Wednesday. Cell Therapeutics will have support located at $0.95 right now. CTIC will have resistance up at $1.20.